Brazil's BM&FBovespa values CETIP at 39 reais/share for purchase
RIO DE JANEIRO Nov 13 (Reuters) - Brazil's stock and commodities market BM&FBovespa SA said on Friday that it values Brazilian securities clearing house CETIP SA Mercados Organizados at 39 reais ($10.14) a share under a non-binding purchase offer.
The offer, part of a deal first announced earlier this month, values CETIP at 15.5 percent above its price on Oct. 30, the last day the shares traded before the planned purchase by BM&FBovespa was announced, BM&FBovespa said in a statement.
($1 = 3.8469 Brazilian reais) (Reporting by Jeb Blount; Editing by Chris Reese)
© Thomson Reuters 2016 All rights reserved.